Twelve students at the prestigious Indian Institute of Technology,Kanpur have bagged a package of Rs 1 crore or more during an ongoing placement drive.

IT giant Oracle has offered a remuneration package of Rs 1.3 crore per annum to three students while internet giant Google has offered an annual package of Rs 1 crore to six students. LinkedIn has offered an annual package of Rs 1 crore to two students while Tower Research has given one student a package of Rs 1 crore per annum,a top official said,requesting anonymity.

The number of students to have bagged a placement offer of Rs 1 crore or above is expected to increase three-fold as out of 250 companies,only 90 have participated in the placement drive till now,the official said.

He also dismissed reports that the three students being given Rs 1.3 crore per annum have refused the offer.

There are dozens of students have bagged a package between Rs 50 to Rs 75 lakhs per annum,the official said.

IIT Kanpur placement cell in-charge Vimal Kumar said around 1,100 BTech,MTech,MBA and MSc students registered for the placement process out of which 350 students have received their offer letters.

He refused to give details of the package but said the students are getting good offers. As many as 50 multi-national companies and 40 Indian companies have participated in the placement procedure.

Mulit-national companies that have participated in the placement procedure so far include Mitsubishi,Amazon,Citibank,Microsoft,Sony,Samsung,Airbus,HSBC Bank,Deutsche Bank,Credit Switch and others,Kumar said.

Indian companies that participated in the placement drive include Tata motors,ITC,Flipkart,Infosys and Hero motors. The drive that started on Sunday would continue till December 22. The IIT administration has also organised a special workshop to train students for facing interviews.